Pensions

Retiring Broke

Retiring Broke

Retired and broke? Don’t worry, you’ve got plenty of company and more are joining the ranks everyday. “The biggest worries are healthcare expenses, lack of emergency savings, and lack of retirement savings. Yet only 28% worry they lack retirement savings? Compare this with what we know about people’s actual savings, […]

 
 

Are Pensions About to Collapse?

Are Pensions About to Collapse?

Are you in line to get clobbered as more and more pension funds collapse? Do you think Uncle Sam’s ‘Pension Benefit Guarantee Trust Corp’ is going to save you? Guess again.   “This is one of those things that few will pay attention to until it’s a 5 alarm fire. […]

 
 

Another Teamster Pension Fund Collapses

Another Teamster Pension Fund Collapses

Pension funds are in serious trouble nationwide. Here’s the latest. There are plenty more on the way, and as you’ll see, it’s absolutely devastating to retirees. “The New York Teamsters Road Carriers Local 707 Pension Fund has won the unfortunate award for “First Pension to Officially Run Out of Money”, […]

 
 

World Financial Markets Ready to Crater?

World Financial Markets Ready to Crater?

Many folks are going gaga over our new savior Donald Trump and his beautiful family, but behind the curtain world financial markets are teetering badly and it’s going to take more than the latest guru to set things right. “Some people would argue that 2016 was the year that the […]

 
 

2017 Pension Crises – Investment Meltdown

2017 Pension Crises – Investment Meltdown

Few would argue that Bill Gross, head of Janus Funds and former head of PIMCO, the world’s largest bond firm, is a financial flake, so it’s time to pay close attention to Bill’s analysis of 2017 financial risks.  “Happiness has dominated risk markets since early November and despair has characterized […]

 
 

Dallas Police & Fire Pensions Turn Toxic

Dallas Police & Fire Pensions Turn Toxic

The old saying ‘if it isn’t sustainable it won’t be sustained’ certainly applies here. City, county and state governments have been caving into public employee union demands for decades, providing extravagant wage, pension and benefit plans that are unheard of in the private sector. The chickens have come home to […]

 
 

Pension Crisis = Pension Catastrophe

Pension Crisis = Pension Catastrophe

EXTREMELY generous wage, pension and benefit plans for unionized public employees have milked the cow for so long that the cow has no more to give. Unions think the solution is to keep raising property taxes to paper over growing shortfalls, but property owners and businesses are beginning to vote […]

 
 

Boomers vs. Millennials – Fight of the Century

Boomers vs. Millennials – Fight of the Century

  This issue continues to fester and unless a miracle occurs it’s going to eventually explode. When it does Boomers are going to be splattered all over the walls. “Boomers have everything to lose if the status quo isn’t maintained and millennials increasingly think they have nothing to gain by […]

 
 

If the Economy is So Great, How Come I’m Not?

If the Economy is So Great, How Come I’m Not?

President Obama says “the Economy is Awesome“. Stock markets are at all time highs. Home sales are going through the roof. Auto sales are racing ahead. BLS (Bureau of Labor Statistics) stats show everything is coming up roses. Inflation, interest rates and unemployment are at or near all time lows. […]

 
 

Are You Going to Survive Crushing Poverty?

Are You Going to Survive Crushing Poverty?

  All too many previously successful Boomers are experiencing crushing poverty as they enter what was supposed to be their ‘golden years’. More enter the ranks of the impoverished everyday. “The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans […]